Suburb Profile Report for Paddington NSW (2021)

Paddington House: Median price $2,100,000, Annual capital growth 5.91%, Number of sales 176, Weekly median advertised rent $1,150

Paddington Unit: Median price $880,000, Annual capital growth 8.37%, Number of sales 61, Weekly median advertised rent $550

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Giving property investors a a poor capital gain of -9.87% for the last year, Paddington, 2021 is the 3360th highest performer in Australia in this respect.

Over the longer term, Paddington has seen property prices show investors a 7.69% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Paddington should be aiming for at least -6.03% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1384 in a list of fastest selling suburbs, Paddington is in the TOP 40% of suburbs in Australia with an average of days on market 70.1628 for properties listed there.

Situated 2.69km from the CBD, Paddington is one of Woollahra (A) localities in the postcode 2021.

Over the last year, property investments in Paddington, 2021 have given investors a capital gain of -5.88%. This compares averagely with the -4.02% for NSW as a whole.

The five-year average increase in median property values for Paddington,2021 has given property investors a potential capital gain of 29.79% across each of those five years.

At number 149th of NSW’s most discounted properties, Paddington is in the middle of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Paddington the average time real estate has been on the market is 66.381 days.

Property investors should expect to get $550 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$2,100,000 $880,000
-2.33% 1.15%
-9.87% -5.88%
5.91% 8.37%
$1,150 $550
176 61
2.85% 3.25%
70.1627906976744 66.3809523809524

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 12135
Median household income ($/weekly) 2290
Median age of persons 35
Median housing loan repayment ($/monthly) 3467
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 3136 25.8
    35-44 years 2330 19.2
    45-54 years 1429 11.8
    55-64 years 1200 9.9
    65-74 years 872 7.2
    Others 3168 26.1
    Age Group
    Census Count Percent(%)
    Not Married 4330 49.2
    Registered Married 3033 34.5
    Defacto Relationship 1435 16.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 6993 65.8
    Papua New Guinea 446 4.2
    United Kingdom 1222 11.5
    United States of America 192 1.8
    Other 626 5.9
    Others 1154 10.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 191 1.9
    Christianity 5865 57.7
    Hinduism 50 0.5
    Judaism 298 2.9
    No Religion 3674 36.1
    Others 93 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 287 6.3
    $1,500-$1,999 463 10.2
    $2,500-$2,999 830 18.2
    $3,000-$3,499 341 7.5
    $4,000 or more 791 17.4
    Others 1839 40.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5213 55.5
    Not in the labour force 2007 21.4
    Employed, worked part-time 1551 16.5
    Employed, away from work 357 3.8
    Unemployed, looking for work 257 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 1484 20.9
    Professionals 3322 46.7
    Community & personal service workers 450 6.3
    Clerical & administrative workers 814 11.4
    Sales 468 6.6
    Others 578 8.1
    Occupation
    Census Count Percent(%)
    Pre-school 167 8.2
    Infants/Primary 503 24.8
    Secondary 305 15.0
    Technical or Further Educational Institution 137 6.7
    University or other Tertiary Institutions 818 40.3
    Others 101 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 7241 70.5
    Flat, unit or apartment 2244 21.9
    Separate house 716 7.0
    House or flat attached to a shop, office 69 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2374 47.5
    Fully owned 1327 26.6
    Being purchased 1273 25.5
    Other tenure type 24 0.5
    Tenure Type
Census 2011, ABS
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